Construction work on the $55m Residencial Terrazas de Mendez Alvaro Complex located in Madrid, Spain commenced in Q2 2022. It was announced in Q2 2021.
The project involves the construction of the Residencial Terrazas de Méndez Álvaro on a 0.25ha area in Madrid, Spain.
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The project includes the following:
1. Construction of 70 homes with two to five bedrooms between 88m2 and 193m2 with a total gross floor area of 10,000m2
2. Construction of common areas with two swimming pools
3. Construction of parking facilities
4. Construction of drainage systems
5. Construction of a gym facility
6. Development of greenery areas
7. Installation of elevators, security and ventilation systems
Construction on the project, spread across 0 hectares, is expected to be completed by Q1 2024.
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